The war is currently underway at 3000 kilometers from India. The United States has now entered the Iran and Israel war. The United States has poured oil into the fire of this war in a way, and then the war between Iran and Israel appears to have intensified.
After the firing and bombing, Iran has now threatened to close Hormuz’s coast. If this route is closed, the oil and gas supply crisis is certain. About 5 percent of the world’s oil supply is imported and exported. It has now come to the fore that the crisis of the supply of LPG cylinders in all of this is a crisis on India (Photo courtesy – istock)
Only 16 days of stock
The tension in Middle East has created a LPG cylinder crisis in India. Two of the three cylinders used in India come from West Asia. If the war continues and the supply chains are disrupted, then the kitchen kitchen can be a crisis in the kitchen. LPG has become the most insecure due to the increasing stress in the Middle East.
According to the report of the Economic Times, In India, only 3 days LPG stock balance is left. According to the ET report, if we look at the statistics of the Ministry of Petroleum and Naturally, the amount of LPG with India’s ability to store in import terminals, refineries and bottling plants depending on the average use of the country will last only 7 days. US attacks on Iran’s nuclear site have increased the risk of disrupting supply from the world’s largest oil producing region.
How much use of LPG in India?
Rising stress in West Asia is increasing crude oil prices, but the biggest crisis is about the LPG gas supply. If the war between Iran and Israel continues, the supply of oil and cooking gas can stop. The use of LPG in India has increased steadily.
Whether it is a bright plan or a gas subsidy, the use of LPG Gas in India has doubled in the last decade. 2 million people in India use LPG cylinders. India imports 5 % of its use from abroad. Of the total imports, 90 % of the total imports come from Western countries like Saudi Arabia, Qatar and the United Arab Emirates. There is a crisis in gas supply due to the Iran-Israel war.
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What will happen if the Iran-Israel crisis is not avoided?
The situation of petrol and diesel is better than gas. In terms of petrol and diesel, India’s situation is not worrying, as India exports about 5 percent of its domestic use petrol and 5 percent diesel. If needed, the needs of the country can be stopped by stopping exports. But the situation is a bit different in the LPG.
If the crisis is not avoided, India can meet our needs by importing alternative sources of LPG from the US, Europe, Malaysia and some African countries. However, this is not so easy. PNP can be supplied to 1.5 million people through the pipeline, but it is not easy to provide gas to 2 crore LPG connections. In this case, people have to consider LPG options.
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